wrote last year about how the increase in donations for state officials looked a whole lot “like a reward for not passing more stringent regulations” and raised questions about whether “lawmakers let the oil, gas, and the broader energy industry off easy for its massive failures.” Yowza.
The Texas law preventing divestment means that billions of dollars in pension funds and school endowment money may be removed from some of the country’s biggest investment firms — including BlackRock.Texas lawmakers continue to insist that tackling climate change comes at a net cost to the global economy. Hegar questioned the:
So, while some companies continue to invest at least partially in fossil fuels enterprises and their subsidiaries — which likely will amount todown the road — that’s not enough if you invest in Texas. Heaven forbid investment firms and their clients actively use financial wherewithal as a tool for positive social change. Or operate a “values-driven” enterprise according to principles of social justice and environmental sustainability.